Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 16.09.2016

September 16, 2016

Article By RoboForex.com

Currency pair Euro-US Dollar demonstrates another rapid uptick and continues to be traded under the pressure leading this pair downwards. For today, we expect the pair to be out of consolidation range to follow the wave with the target at the level 1.1100. Then we would consider new consolidation range development for possible downward trend.

EURUSD

Currency pair Pound-US Dollar is traded within fifth downward wave figure. For today, we consider a chance for testing the level at 1.3030. Then there should be correction towards 1.3244.

GBPUSD

Currency pair US Dollar-Franc keeps being traded in the center of consolidation range. For today, probable scenario is the upward movement and breakage the level at 0.9780. The next uptrend goal is on the level at 0.9940.

USDCHF

Currency pair US Dollar-Yen is traded under the pressure towards descending to the level at 101.57. Then we consider chances for an uptick towards 103.50. Upward movement is an alternative, while the most probable scenario is the trend towards the next target at 98.00.

USDJPY

Currency pair Australian Dollar-US Dollar has done with the correction. Today we expect a downward movement towards the level 0.7420 (or even lower). Then there should be another correction towards 0.7590.

AUDUSD

Currency pair US Dollar-Russian Ruble has been almost done with a technical pullback. Now, we should expect further upwards movement to the level at 65.75 (or higher). After that we expect upwards figure be ended. Then there should be descending in accordance with the trend towards the level at 63.00.

USDRUB

Gold is traded under the pressure in a downward direction. For today we consider a chance for testing the level at 1295, then for moving towards the level at 1335 with a good chance to move even further till1355.

GOLD

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.